Oil declines as inventory data counters hopes for trade deal
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LONDON (Reuters) - Oil prices declined on Wednesday as data suggesting a smaller-than-expected fall in U.S. crude inventories countered support from hopes for a U.S.-China trade deal.Brent crude futures were down 51 cents at $61.63 a barrel by 1323 GMT. U.S. West Texas Intermediate crude fell 25 cents to $53.65 a barrel. On Tuesday, it had recorded its biggest daily rise since early January.After weeks of swelling, U.S. crude stocks fell by 812,000 barrels last week to 482 million, the American..